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DailyBubble News

Looking for penny stocks? Here are the 6 stocks you should keep an eye on! Looking for penny stocks, we’ve filtered out good companies with low prices and strong ROCE and ROE, coupled with impressive sales and profit growth.

Looking for penny stocks? Here are six companies worth keeping an eye on. To filter out these stocks, we have set criteria such as a market capitalization below Rs 500 crore, stock price below Rs 50 per share, ROCE and ROE above 10 per cent, P/E ratio between 10 to 50, and year-over-year sales and profit growth over 10 per cent.

Harshil Agrotech, involved in industrial design and fabrication, with a market capitalization of Rs 13.28 crore, has shown an impressive 1-year return of 485.71 per cent. Despite a modest PE ratio of 16.6, the company boasts a ROCE of 86.25 per cent and a ROE of 220.41 per cent. It has also demonstrated significant growth in both sales and profits, with sales growth at 256.04 per cent and profit growth at 73.91 per cent. The stock closed at Rs 12.30 per share on Friday.

Dharni Capital Services Limited provides financial services, valued at a market capitalization of Rs 99.61 crore, and has exhibited a commendable 1-year return of 110.78 per cent. Despite a relatively higher P/E ratio of 34.11, the company maintains a respectable ROCE of 27.61 per cent and a decent ROE of 20.56 per cent. Dharni Capital has shown robust growth in both sales and profits, with sales growth recorded at 64.66 per cent and profit growth at an impressive 145.38 per cent. The stock closed at Rs 48.90 per share on Friday.

Stratmont Industries, primarily trading Coking Coal and LAM Coke, with a market capitalization of Rs 17.42 crore, has achieved a substantial 1-year return of 137.3 per cent. Despite a modest P/E ratio of 14.89, the company demonstrates a reasonable ROCE of 19.32 per cent and a respectable ROE of 33.03 per cent. Stratmont Industries has shown significant growth in both sales and profits, with sales growth reaching 161.85 per cent and profit growth at an impressive 254.55 per cent. The stock closed at Rs 49.80 per share on Friday.

Nila Spaces specializes in real estate development, focusing on residential and commercial projects, with a market capitalization of Rs 421.46 crore, and has achieved an impressive 1-year return of 275.44 per cent. Despite a relatively high P/E ratio of 31.41, the company maintains a reasonable ROCE of 17.09 per cent and a commendable ROE of 11.1 per cent. Noteworthy is Nila Spaces’ extraordinary sales growth at 8881.19 per cent and profit growth at 416.51 per cent. The stock closed at Rs 10.70 per share on Friday.

Dhatre Udyog, a manufacturer of Iron & steel products, with a market capitalization of Rs 225.1 crore, has achieved a notable 1-year return of 118.86 per cent. The company maintains a modest P/E ratio of 21.52 and demonstrates a reasonable ROCE of 16.3 per cent and a commendable ROE of 12.05 per cent. Dhatre Udyog has exhibited substantial growth in both sales and profits, with sales growth recorded at 167.67 per cent and profit growth at 103.5 per cent. The stock closed at Rs 20.66 per share on Friday.

Beryl Drugs, engaged in manufacturing Bulk Drugs, with a market capitalization of Rs 16.86 crore, has achieved a 1-year return of 121.67 per cent. Despite a modest PE ratio of 14.41, the company maintains a moderate ROCE of 11.6 per cent and an ROE of 10.03 per cent. Beryl Drugs has experienced modest sales growth at 22.13 per cent, but impressive profit growth at 408.7 per cent, indicating potential for further expansion in the pharmaceutical industry. The stock closed at Rs 33.25 per share on Friday.

Investors should keep an eye on these potential multibagger stocks. This article is for informational purposes only and not investment advice.

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